Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Pacific Energy Limited, together with its subsidiaries, develops, builds, operates, and manages electricity generation facilities in Australia. As of September 11, 2017, it owned and operated 21 diesel, gas, and duel-fuelled power stations with a total power generation capacity of approximately 272 MW; and 2 hydro power stations with a combined capacity of 6 MW located in Melbourne, Victoria. The company is based in Landsdale, Australia.